Vertical: ICTBase Year: 2018
Market Size (2018)
$216.10M
Projected (2025)
$360.30M
CAGR (2017–2025)
7.5%
Key Players
10+
Reference check software is a software application that automates the process of contacting and questioning the references of the job applicants. It aids the HR professionals by offering useful insights of referee. It also enable them to become more efficient to obtain comprehensive and accurate information about potential employees. The software application is deployed and operated by two mode namely web-based and cloud-based. Both these types are convenient, and intuitive and help the HR professional to automate reference check questions as the process is quite similar to an automated survey. Additionally, the references are able to provide feedback on their own timeline, that allow the recruiters to avoid calling and shooting the email process with references. Furthermore, the potential employer is able to identify the unique elements about the candidature i.e. the core traits and competencies for which feedback is solicited from the references.
The key drivers for reference check software market are the growing need to have a seamless reference checking processes and surge in demand for Integration of reference checking with applicant tracking systems. Additionally, with the technological advancements and growing adoption of disruptive technologies such as machine learning and artificial intelligence market is likely to pave a way for reference check software market during the forecast period. However, rising concerns related to unreliability and inaccuracies is one of the major restraining factors, which is expected to limit the market growth. The reference check software market is segmented into type and application. Based on type, the market is categorized into cloud-based and web based. Furthermore, the based-on application, the market is categorized into large enterprise and small and medium enterprises.
Geographically, the market is categorized into 5 regions namely North America, Europe, Asia-Pacific, Middle east and Africa, and Central and South America. North America led the Reference Check Software market in 2018, whereas Europe held the second spot for the Reference Check Software market in terms of market share and is expected to register the highest growth rate in the market during the forecast period 2019–2025. Moreover, the North America is categorized into the US, Canada, and Mexico. Europe is segmented into Germany, the UK, France, and Rest of Europe.
The Reference Check Software Market market is projected to grow at a CAGR of 7.5% from 2017 to 2025.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansReference check software is a software application that automates the process of contacting and questioning the references of the job applicants. It allows the HR professionals to become more efficient to obtain comprehensive and accurate information about potential employees. The software application is deployed and operated by two mode namely web-based and cloud-based. Both these types are convenient, and intuitive and help the HR professional to automate reference check questions.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSubscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansWantstats analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansThe global reference check software market is characterized by the presence of a number of global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. The rapid advancement in recruiting process and adoption of data analytics coupled with AI, and machine learning, and cloud-based solution are key factors that drive the market growth. The vendors compete based on different features of automated checking solution and digital services, pricing, reliability, and services. It is crucial for the vendors to offer solutions which accurately offers end-to-end customer experience management services and succeed in a competitive market environment.
According to industry experts, it has also been estimated that improvement of the global economic scenario combined with efforts to enhance cloud infrastructure in emerging nations, will fuel the market growth, making it an ideal time for new vendors to penetrate in human resource management solutions particularly in reference check software and increase their global market share. The vendors with better technical and financial resources can develop innovative products that render the competitors' products, obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors is likely to develop disruptive technologies such as AI and Machine learning that could positively affect the continuing competitiveness of their product lines in the market.
Michael Porter’s Five Forces model is a framework to study the global Reference Check Software market. Strategic business managers, trying to gain an edge over competing firms in the global Reference Check Software market, can utilize this model to better comprehend the industry in which their company operates. The components of each of the forces and the degree of impact of each component in the context of the global Reference Check Software market have been broken down and analyzed.
Market estimates by geography (2025)
InsightNorth America leads with $129.40M by 2025, while Europe is projected to grow fastest at a 8.6% CAGR.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $18.20M | $23.00M | $29.70M | 6.3% | 8% |
| North America | $75.10M | $97.60M | $129.40M | 7.0% | 36% |
| Asia Pacific | $41.90M | $55.90M | $76.50M | 7.8% | 21% |
| Europe | $55.30M | $76.10M | $107.00M | 8.6% | 30% |
| South America | $11.40M | $14.10M | $17.80M | 5.7% | 5% |
| Total | $201.90M | $266.70M | $360.40M | 7.5% | 100% |
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansTotal Market Size
$360.30M
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Cloud-based | $270.00M | 7.9% | 75% |
| Web-based | $90.30M | 6.4% | 25% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSee plans for professionals or small and medium businesses.
Analytical insights on Reference Check Software Market covering market dynamics, competitive landscape, and strategic outlook.
The Reference Check Software Market market is projected to reach $360.30M by 2025, growing at 7.5% CAGR. The Cloud-based segment holds the largest share.
The key drivers for reference check software market are the growing need to have a seamless reference checking processes and surge in demand for Integration of reference checking with applicant tracking systems. Additionally, with the technological advancements and growing adoption of disruptive technologies such as machine learning and artificial intelligence market is likely to pave a way for reference check software market during the forecast period. However, rising concerns related to unreliability and inaccuracies is one of the major restraining factors, which is expected to limit the market growth.
The conventional reference check process is time-consuming as it involves several steps. In-depth reference checks include talking to references to gain insights about the qualification, skills, and abilities of the prospective employee. The employer has to call each reference listed by the applicant, which incurs high costs and is time-consuming. This has led to the urgent need to simplify the reference checking process. Reference checking software helps save time by minimizing the number of phone calls required. It also reduces the cost and time associated with checking reference data. Reference checking software allows the recruiter to send the candidate a survey with questions related to the job, which helps in gaining insights into the candidate’s skill level and abilities. Such features of reference checking software eliminate the need for traditional in-depth reference checks and simplify the overall process.
Machine learning technology is changing the recruiting process by making it easier and faster for recruiters to identify the appropriate applicants for even the most complicated roles. During hiring drives, recruiters face extra workload. Reference check software can utilize machine learning capabilities to automate pre-employment reference checks and candidate scoring. The use of machine learning in reference check software helps recruiters gather references, rank and score candidates, reduce costs by hiring the right talent from the various applicants, and offer a positive hiring experience to candidates, references, and employers. Machine learning also enables the seamless integration of reference checking with applicant tracking systems. Certain market players have begun to recognize the benefits of using machine learning for reference checks; for instance, Jointl uses machine learning and AI capabilities in its reference check software which is a highly scalable solution that helps save time and stress, avoid bad hiring, and make better hiring decisions.
Reference check software offers a wide array of advantages in terms of cost and time saving; however, the accuracy and reliability of the software depend largely on online surveys, based on which the software generates a report. This generated report provides a competency-based scoring on the basis of which recruiters identify potential candidates. The survey takes five to 10 minutes to complete and is not comprehensive enough to determine the eligibility of the candidate. Moreover, the software is keyword-sensitive, and applicants could take advantage of this by using certain keywords to be considered a good fit for the position. Keyword sensitivity could also impede suitable applicants by disqualifying them based on the absence of keywords in their resumes. These factors are expected to hamper the growth of the global reference check software market during the forecast period.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 107 companies operating in the Reference Check Software Market market, including revenue, employee count, and market positioning where available.
Showing 107 of 107 companies
Company Headquarters: England, UK Founded: 1995 Workforce: ~200 Company Working: Oleeo plc. is a British multinational company engaged in the provision of Internet-based software used for the tracking and selection of candidates. The company’s products include event management software, CRM, applicant tracking software, interview management, talent mobility, and program management. Furthermore, the company delivers its services to finance, education, retail, healthcare, public sector, and commercial industry. Geographically, Oleeo plc. is present in North America, Europe, and Asia-Pacific.
Company Headquarters: Australia Founded: 2009 Workforce: ~200 Company Working: Xref is an automated reference-checking platform that enables data-driven hiring decisions. It allows mobile-friendly reference checks through integrations with several platforms such as iCIMS, Smart Recruiters, Workday, Lever, and JobAdder. The Xref Platform offers reporting and analytics, fraud detection, bulk referencing, and other services. The company is present in North America, Europe, and Asia-Pacific.
Company Headquarters: US Founded: 2016 Workforce: ~200 Company Working: Outmatch is a provider of predictive talent platform. Its offerings include talent assessment, video interviews, automated reference checking, culture analytics, leadership assessment, and integration. Its predictive talent and culture analytics suite allow organizations to make data driven decisions on decisions such as hiring to development of leadership and culture. The company operates in the US
Company Headquarters: US Founded: 2006 Workforce: ~100 Company Working: Checkster is a provider of web-based talent decision tools. The company’s offerings include 360-degree feedback, job assessment, reference checking, talent management, automated reference checks, quality of hire, interview debrief, brand tracking, sourcing, and hiring tools. The company’s offerings can be accessed through a web-based interface. It primarily operates in the US
Company Headquarters: US Founded: 2007 Workforce: ~NA Company Working: CareerPlug is an American company providing easy-to-use hiring software to its end users. The company’s applicant tracking system helps HR professionals onboard right applicants in the organization by providing them with useful insights. Furthermore, the software is suitable for food & beverages, retail, healthcare, and finance industry. The company has operations in the US.
Company Headquarters: US Founded: 2009 Workforce: ~NA Company Working: VICTIG is an American company providing background screening solutions to its customers. The company offers a solution for pre-employment background screening, criminal background checks, and tenant background screening. Furthermore, the company provides drug testing services. Its solutions are suitable for both large enterprise and small & medium enterprises. VICTIG primarily operates in the US.
6 interactive charts drawn from the Reference Check Software Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Reference Check Software Market South America
Global Reference Check Software Market Germany, France, United Kingdom and Rest Of Europe By Country
Global Reference Check Software Market China, India, Japan, South-East Asia and Rest Of Asia Pacific By Country
Global Reference Check Software Market United States, Canada and Mexico Of North America By Country
Global Reference Check Software Market Middle East And Africa
Global Reference Check Software Market By Region
Powering the world's best teams.
From next-gen startups to established enterprises.
Trusted by forward-thinking businesses
for data-driven intelligence
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
